Short Term Stock Option: Buy MPHASIS AUG

• August 10, 2021
• By BIPRO HALDAR
• 98 Views 701 comments

Mphasis Limited is an IT services company based in Bangalore, India. The company provides infrastructure technology and applications outsourcing services, as well as architecture guidance, application development and integration, and application management services. It serves financial services, telecom, logistics, and technology industries. Mphasis was ranked #7 in India IT companies and overall #189 by Fortune India 500 in 2019.^[6] In April 2016, Hewlett Packard Enterprise sold the majority of its stake in Mphasis to Blackstone Group LP for around US$1 billion. In September 2009 Mphasis changed its brand identity by dropping EDS association to become “Mphasis, an HP Company” after HP retired EDS Brand to become “HP Enterprise Services“. Mphasis operated as an independent HP subsidiary with its own board and continued to be listed on Indian markets as “Mphasis Limited”.^[13] HP owned close to 62% in Mphasis and Mphasis got around 50% of its revenues from HP. Mphasis marked $1 billion in revenues and registered a consolidated revenue of Rs 50.37 billion ($1,099.3 million) for the year ended 31 October 2010 becoming the sixth Indian IT company to do that.^[15] In February 2014, changed its logo and the brand name as Mphasis Unleash the Next, seeking to boost business other than from parent Hewlett-Packard, its largest client.^[16] On 30 June 2015, announced the signing of a definitive agreement to transfer a significant portion of its domestic business, to Hinduja Global Solutions (HGS). On 10 July 2015, Mphasis announced it will move 2,000 employees to Karvy Data Management Services Ltd (KDMSL) as part of a deal signed to partially sell its domestic outsourcing business to Karvy.^{[citation needed]}

Script Name –MPHASIS

Expire Date-AUG

Strike Price-CE 2800.00

Buy Price –61-62

Profit Target-124

Stop Loss-27

Call Duration-Delivery

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